AUSTIN, Texas--(BUSINESS WIRE)--Arrive Logistics, a top 75 U.S. transportation brokerage, headquartered in Austin, Texas, announced today they have joined the Blockchain in Trucking Alliance (BiTA). Arrive Logistics is the fastest growing freight broker in the United States. Since their founding in 2014, they have grown from a 10-person team to more than 300 employees working out of Austin, TX, and Chicago, IL.
BiTA (www.bita.studio) believes blockchain is one of the most significant developments for the logistics industry since the creation of the internet. By providing more clarity and standards around blockchain through education and promotion of the technology, BiTA intends to be the leading blockchain voice for the industry.
“We are very pleased to join other forward-thinking logistics organizations in the process of promoting the adoption of blockchain technology," Eric Harrison, CIO of Arrive Logistics, said. "Blockchain technology has the potential to be very impactful in the logistics industry in the years to come and as a technology focused freight brokerage, we are looking forward to being on the forefront of these developments and seeing standards implemented."
Through engagement of the brightest minds from the most influential leaders in transportation, finance and technology, BiTA will build the first set of transportation industry-specific blockchain standards. BiTA is focused on providing educational resources and open forums to those in the industry interested in leading the evolution of the trucking industry through the efficiencies offered in blockchain technology. So many great transactional technologies that proliferate our industry are grounded in commonly accepted standards - including BOLs, EDI, ISO, and Ascii. Like these standards, BiTA believes blockchain will benefit from having the same set of market standards.
About Arrive Logistics:
Arrive Logistics is a supply chain service provider, proudly collaborating with shippers and carriers to deliver superior brokerage and transportation management services. Since its founding in July of 2014, they have moved over 150K shipments and are on track to earn more than $130M in revenue in 2017. Arrive Logistics is based in Austin, TX with a second sizeable office in Chicago, IL. More information about Arrive Logistics can be found at www.arrivelogistics.com.
About the Blockchain in Trucking Alliance:
The Blockchain in Trucking Alliance is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. More information about the Blockchain in Trucking Alliance can be found at www.bita.studio.